The global endoscopy devices market was 33.9 billion USD in 2017 and will reach 48.7 billion USD by 2023 with a CAGR of 6.22% during the period.

Growing preference for minimally invasive surgeries is the key factor for the growth of the market. Rising prevalence of chronic diseases, advancing endoscopy techniques and increasing funding for treatment with endoscopic techniques are also boosting the market growth. However, infections and complications caused by endoscopy devices will hamper the market growth.

North America dominated the market due to rise in prevalence of chronic diseases and high adoption of advance technological endoscopy devices. Asia-Pacific will grow at higher rate due to growing unmet medical needs for diagnosis of life threatening diseases.

Industry Trends and Updates

Crospon, an endoscopic diagnostics company, announced it has received US Food and Drug Administration clearance for its Endoflip System with Flip Topography Module.
Pentax Medical acquired PlasmaBiotics SAS, an endoscope drying and storage device manufacturer.